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this comes as washington welcomes a high-level chinese delegation led by the vice premier. his team is in the u.s. to talk trade and economy. he's expected to meet with u.s. treasury secretary tim geithner tomorrow. wang is the first official from the new leadership team to visit with the u.s. for more on the impact and implications of this, let's speak with frank ching, adjunct associate professor at the chinese university of hong kong. frank, hi. the first news that we're getting out of this appears to be more import duties s. this going to be the theme of u.s./china relations, or do you expect these meetings to be more of a thaw? >> well, i think that these are the first meetings since the new leadership in china was installed. and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of concern to both sides. but i don't see any sweeping changes. >> what's interesting,
this comes as washington welcomes a high-level chinese delegation led by the vice premier. his team is in the u.s. to talk trade and economy. he's expected to meet with u.s. treasury secretary tim geithner tomorrow. wang is the first official from the new leadership team to visit with the u.s. for more on the impact and implications of this, let's speak with frank ching, adjunct associate professor at the chinese university of hong kong. frank, hi. the first news that we're getting out of this...
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the supreme court has ruled plans to outlaw them in chicago and washington d.c. are unconstitutional. the most likely move would be to ban military-style assault rifles, magazines holding numerous bullet. the president has backed such a bill. >> while he supports strongly an assault weapons ban and other measures, he wants to expand the conversation beyond those specific areas of legislation. >> i'm joe manchin -- >> the group of the gun hand -- of the gun ban will be loosened a little. even west virginia senator joe manchin, whose campaign had focused on gun rights, has changed his mind. he is not alone kerpen >> when my daughters ask me on friday night, dad, you are in the senate, why can't we put reasonable restrictions on assault weapons or rapid-fire ammunition clips, i did not have a good answer for them. enough is enough. >> america is in a reflective mood, which may not last. weapons of war should not be available to take the lives of children. >> the white house came out today with steps they would take toward tougher gun control. the national rifle asso
the supreme court has ruled plans to outlaw them in chicago and washington d.c. are unconstitutional. the most likely move would be to ban military-style assault rifles, magazines holding numerous bullet. the president has backed such a bill. >> while he supports strongly an assault weapons ban and other measures, he wants to expand the conversation beyond those specific areas of legislation. >> i'm joe manchin -- >> the group of the gun hand -- of the gun ban will be loosened...
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there was a poll in "the washington post" today, it was very striking to note that for the first time when people have been askedhis question after -- and they have been asked it after a series of acts of mass violence, columbine, virginia tech, et cetera, aurora, do you think that this was an isolated act or does it say something about more troubling conditions in our society? i'm paraphrasing. for the first time. every other time people said it was an isolated act of a madman or mad people. this time they said it reflects a deeper problem in our society, and i believe what causes that change is that 20 of the victims in newtown, connecticut, were young children, and there is not only a heartbreak across our country about this, not only anger, but i think there is guilt, and we all ought to feel guilty because as a society what the attacks in newtown said to us is that we have failed to fulfill what would seem to be our most natural, natural law, if you will, responsibility, which is to protect the safety and lives of our children. so i hope we will act. there will be no better tribu
there was a poll in "the washington post" today, it was very striking to note that for the first time when people have been askedhis question after -- and they have been asked it after a series of acts of mass violence, columbine, virginia tech, et cetera, aurora, do you think that this was an isolated act or does it say something about more troubling conditions in our society? i'm paraphrasing. for the first time. every other time people said it was an isolated act of a madman or mad...
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they recently came to washington to be honored. senator inouye was there, and it was a great moment to see these men of the greatest generation who have proven to america their love for this country. none more so than dan inouye. senator reid has recounted in detail the incredible story that earned him the congressional medal of honor. but he is such a humble man. we look back on his life, there were so many aspects of his life that were historic in nature. conversations and working with them. senator reid had the same experience i did. we visited senator inouye's office and it was amazing. there were no awards for this man who had served more than half a century in congress. i said to him, it's interesting that your office has a lot of artwork and photos, but nothing about dan inouye. no, he said and put those things. i wanted everyone to feel that he was coming in here and i didn't want to talk about my party affiliation or anything that i had done. i wanted them to feel comfortable and to know this was a welcome office. that is
they recently came to washington to be honored. senator inouye was there, and it was a great moment to see these men of the greatest generation who have proven to america their love for this country. none more so than dan inouye. senator reid has recounted in detail the incredible story that earned him the congressional medal of honor. but he is such a humble man. we look back on his life, there were so many aspects of his life that were historic in nature. conversations and working with them....
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good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are headlines for tuesday december eighteenth two thousand and twelve japanese pension funds are starting to invest in gold for the first time according to the wall street journal they're looking to mitigate the damage of market shocks and reduce the risks associated with currencies the paper says until recently they've invested in mostly domestic stocks and bonds will have more on metals with the gold antitrust action committees bill murphy and chris powell here in studio plus the as the sea has approved a j.p. morgan copper exchange traded fund reportedly the first one is about fight visible copper and received the go ahead despite opposition from companies that actually use copper and some lawmakers who opposed it to now the concerns are that it could allow speculators says the market increase prices volatility and undermine price transparency for and dusty all metal will discuss the impact and the newtown school shooting has unleashed tears tragedy and of course through talk
good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are headlines for tuesday december eighteenth two thousand and twelve japanese pension funds are starting to invest in gold for the first time according to the wall street journal they're looking to mitigate the damage of market shocks and reduce the risks associated with currencies the paper says until recently they've invested in mostly domestic stocks and bonds will have more on metals with the gold...
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in 2011 we felt a little tremble here in washington from an earthquake. a disaster declaration was declared for virginia after the earthquake that was felt here in the capital. but this wasn't a disaster that overwhelmed local capabilities. it didn't overwhelm the capabilities of the regional capital area. it didn't overwhelm the capabilities of virginia. yet, we transferred what were truly responsibilities for the state and communities to the federal government. this per capita damage indicator ends up becoming really problematic for two reasons. first, it was established in 1996, but fema failed to update it. and second, simply using the per capita damage indicator is an unfair way to assess whether or not a disaster has occurred. and let me explain why. if you have a small populated state versus a large populated state, where you have a concentration of people in an area, you won't ever attain it if you have a large population. whereas if you have a small population, you will, with the exact same event. my question is: should oklahoma benefit on a per
in 2011 we felt a little tremble here in washington from an earthquake. a disaster declaration was declared for virginia after the earthquake that was felt here in the capital. but this wasn't a disaster that overwhelmed local capabilities. it didn't overwhelm the capabilities of the regional capital area. it didn't overwhelm the capabilities of virginia. yet, we transferred what were truly responsibilities for the state and communities to the federal government. this per capita damage...
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no matter what comes out of washington.. why traders are convinced.. there will be no falling off a fiscal cliff. in today's cover story.. why retailers and wall street firms are stepping away from gunmakers. plus- who has more power millenniels or baby boomers.. the surprising answer.. and what will interest rates look like in 2013? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas good morning. it's wednesday december 19th. i'm angela miles. in today's first look what is the market telling us? stocks rallied once again yesteday..in what traders view as a sign a deal to avert the so called fiscal cliff.. is highly likely. money pulled out of gold -- which is considered a safe haven.. and instead went into equities.. as well as oil. shares of oracle bounced almost 3% in heavy volume. the tech company surpassed wall street's expectations. oracle is up 28% this year. gas prices are closing in on a 2 year low. the national average for a gallon of unleaded regular is $3.23. it's time now for t
no matter what comes out of washington.. why traders are convinced.. there will be no falling off a fiscal cliff. in today's cover story.. why retailers and wall street firms are stepping away from gunmakers. plus- who has more power millenniels or baby boomers.. the surprising answer.. and what will interest rates look like in 2013? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas good morning. it's wednesday december 19th. i'm...
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there is an open thread, gretawire.com, good night from washington. mr. bill o'reilley >> bill: "the o'reilly factor" is on. tonight -- >> the assault weapon is developed for military purposes to kill in close combat. >> bill: as we predicted, semiautomatic weapons are now under fire. pardon the pun. will congress ban them? charles krauthammer and i will discuss it. >> he is not a gun runner and you know. he should be released immediately. >> bill: with seven days until christmas, will the mexican government release marine corporal jon hammer from prison? this is a terrible miscarriage of justice. and president obama should get involved. we'll have the latest from the corporal's parents. >> i know what you're thinking. did he fire six shots or only five? ask yourself one question, do i feel lucky? >> bill: do you recall tradition violent movies and video games incite psychopaths to commit crimes. quentin terrentino and jamie fox are under pressure. we'll tell you what's going on. caution, you are about to enter the no spin zone. "the factor" begins right
there is an open thread, gretawire.com, good night from washington. mr. bill o'reilley >> bill: "the o'reilly factor" is on. tonight -- >> the assault weapon is developed for military purposes to kill in close combat. >> bill: as we predicted, semiautomatic weapons are now under fire. pardon the pun. will congress ban them? charles krauthammer and i will discuss it. >> he is not a gun runner and you know. he should be released immediately. >> bill: with...
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now back to washington d.c. whether a fiscal cliff deal includes a rate hike the fact is a tax is a tax. and a huge amount of money will move from the private sector to the government. by the way, it isn't going to solve the deficit. let's go to doug holts president of the american action forum. i think too few people have exam inned the impact of this thing. one way or the other, that is a lot of money draining from the private sector to the government. i would have to agree with you, this is an economy. i would put p it into one perce and you hear people talk about the numbers. but underneath the numbers you have to worry about the quality of the policy. it is the worst way to raise revenue, and that is attribute to the fact that the politics are trumping the politics right now. >> in economic turns if you put a 39.6% tax rate on millionaires and above, if you do that, would that be the least ownerous thing you have heard so far? >> i think the goal should be, the least we've seen so far. but it didn't get a g
now back to washington d.c. whether a fiscal cliff deal includes a rate hike the fact is a tax is a tax. and a huge amount of money will move from the private sector to the government. by the way, it isn't going to solve the deficit. let's go to doug holts president of the american action forum. i think too few people have exam inned the impact of this thing. one way or the other, that is a lot of money draining from the private sector to the government. i would have to agree with you, this is...
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joining us from washington, fox news political analyst, charles krauthammer. all right, assault weapons number one. but this is going to run into party politics and i think both parties now noe it. so the american public very emotional now. that's going to die down a little bit. but the issue is very emotional and the democrats are going to come in and they're going to try to get as much hand gun legislation and assault rifle legislation as they can. is that the way you see? >> i think that's right. there are people who want to use this as a partisan, who scapegoat the nra to one over one side of the argument. i think one way to get around that is to too what joe lieberman suggested, appoint a commission, not to put it off indefinitely. we had a commission after 9-11. because there is going to be a rush to judgment on this. i think it's likely that we're going to pass weapons laws that will be completely useless and i think it would be far better to appoint a commission to report in three months, six months, maybe lieberman, maybe giuliani to let head it and l
joining us from washington, fox news political analyst, charles krauthammer. all right, assault weapons number one. but this is going to run into party politics and i think both parties now noe it. so the american public very emotional now. that's going to die down a little bit. but the issue is very emotional and the democrats are going to come in and they're going to try to get as much hand gun legislation and assault rifle legislation as they can. is that the way you see? >> i think...
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once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our own rick santelli and joe greco from meridian equity partners finishing up his trades and will join us momentarily. good to see everybody. michael, let me kick it off with you. i know it's really hard to navigate every day because every day there's a new expectation in the market, but it felt like today was about the fiscal cliff. if we go over the fiscal cliff with no deal, is that a significant issue for the markets early january? >> if we go over the fiscal cliff without a deal, we're probably looking at a 6%, 7% correction and then in my view you load up on equities. you know, maria, we're starting to put a little bit of risk on. nev
once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our own rick santelli and joe greco from...
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this is not some washington commission. this is not something where folks are going to be studying the issue for six months and publishing a report that gets read and then pushed aside. this is a team that has a very specific task, to pull together real reforms right now. i asked joe to lead this effort in part because he wrote the 1994 crime bill that helped law enforcement bring down the rate of violent crime in this country. that plan, that bill also included the assault weapons ban that was publicly supported at the time by former presidents, including ronald reagan. the good news is there's already a growing consensus for us to build from. a majority of americans support banning the sale of military-style assault weapons. a majority of americans support banning the sale of high-capacity ammunition clips. a majority of americans support laws requiring background checks before all gun purchases so that criminals can't take advantage of legal loopholes to buy a gun from somebody who won't take the responsibility of doing
this is not some washington commission. this is not something where folks are going to be studying the issue for six months and publishing a report that gets read and then pushed aside. this is a team that has a very specific task, to pull together real reforms right now. i asked joe to lead this effort in part because he wrote the 1994 crime bill that helped law enforcement bring down the rate of violent crime in this country. that plan, that bill also included the assault weapons ban that was...
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brad in washington, brad? >> caller: hey, jim, merry christmas boo-yah from washington. >> kirkland, hey, i like kirkland brand from costco. >> caller: yes, indeed. well, i had a question about another pacific northwest company, gbx, green breyer. >> i think the stock is inexpensive. i don't know whether -- i don't know who comes back, but i've got to tell you, i do a lot of work with the railroads and we need a lot of cars. i think this is a good buy. it's not going to be, look, if you want a rail, i like ksu. remember that? someone downgraded it the other day. i think that was wrong. how about chris in my home state of pennsylvania, chris? >> caller: boo-yah from scranton, pennsylvania. >> what's going on? >> caller: not much, not much. i wanted to know what you think about lockheed martin. i saw the pentagon agreed to buy 30 of their s-35s. but the stock's down a little bit. i wanted to know what your take was -- >> all right. chris, this isn't dunder mifflin, it's a great company. it's only a dollar off th
brad in washington, brad? >> caller: hey, jim, merry christmas boo-yah from washington. >> kirkland, hey, i like kirkland brand from costco. >> caller: yes, indeed. well, i had a question about another pacific northwest company, gbx, green breyer. >> i think the stock is inexpensive. i don't know whether -- i don't know who comes back, but i've got to tell you, i do a lot of work with the railroads and we need a lot of cars. i think this is a good buy. it's not going to...
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cnn's dan lothian live in the washington bureau. tell us about the new developments, dan. >> that's right. a new development. the white house later this morning, the president will be making an announcement that vice president biden will be heading up new interagency effort to come up with policies to address the issue of gun violence, the president will be making this announcement in the white house briefing room. joined by vice president biden, white house aides saying the president will be talking more about process rather than any specific policies, but nonetheless, zoraida, another effort by the president, by the white house to show action in the wake of the shooting. >> dan, emotions are running high. what is reaction right now from gun rights supporters? >> you hear it on both sides. those pushing for tougher gun laws, but also those gun owner who's say they want to make sure that their rights are protected. take a listen. >> in the very places that have been sought out by monsters such the murder of these adults and children
cnn's dan lothian live in the washington bureau. tell us about the new developments, dan. >> that's right. a new development. the white house later this morning, the president will be making an announcement that vice president biden will be heading up new interagency effort to come up with policies to address the issue of gun violence, the president will be making this announcement in the white house briefing room. joined by vice president biden, white house aides saying the president...
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a lot of uncertainty in washington. you still have a smile on your face. are you hopeful you will get it done? >> i'm hopeful for a number of reasons. number one, i think the mood of the country is very somber. >> yes. >> post connecticut. i don't think that people are in the mood to watch the president and the congress go through shenanigans over what most people don't even understand. we know taxes are going up. let's get it over with. whether or not they deal with underlying problems, we still have negative gnp next year and but i think a deal or framework of a deal will get done. it will be some euphoria and a slight correction in the market. >> what about the overall 2013? >> i think this is a little y2k-ish. there are countdowns. everyone is talking about the cliff, the cliff, the cliff pip feel a little bit like it is like y2k. money is cheap. people are getting in a sense within whether it is realistic or not, housing, financials, and i think there is a an enormous amount of m and a activity for a number ever reasons. first is money is cheap. >> ri
a lot of uncertainty in washington. you still have a smile on your face. are you hopeful you will get it done? >> i'm hopeful for a number of reasons. number one, i think the mood of the country is very somber. >> yes. >> post connecticut. i don't think that people are in the mood to watch the president and the congress go through shenanigans over what most people don't even understand. we know taxes are going up. let's get it over with. whether or not they deal with...
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all kinds of volatility with investors hanging on every word out of washington. general motors, take a look, turning on the afterburners, shares jumping as you can see more than 6%. repurchasing 200 million shares. gm need a bailout once the financial crisis hit. officially becoming a standalone company. market and investors really like now let's take a look at crude oil. four straight days of gains, getting back near $90 per barrel, $0.03 away, the story a couple of things actually. optimism of a debt deal, also supplies, heating oil, unexpectedly fell last week so of course supplies go down. on the flipside natural gas moving down more than 2% rating yesterday's gains and then some. all right, so much for any kind of game we were seeing today, but what happens tomorrow, are we still tied into the headline news out of d.c.? >> speaker john boehner woke us up. i expected after the brief statement that he made the market would come in much more than it has. i am kind of impressed we haven't seen the market down quite significantly. it means we will look at a nice
all kinds of volatility with investors hanging on every word out of washington. general motors, take a look, turning on the afterburners, shares jumping as you can see more than 6%. repurchasing 200 million shares. gm need a bailout once the financial crisis hit. officially becoming a standalone company. market and investors really like now let's take a look at crude oil. four straight days of gains, getting back near $90 per barrel, $0.03 away, the story a couple of things actually. optimism...
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>> the senator from washington. >> mr. president i come to the floor today to pay tribute to an american hero, a great senator, an amazing man and a dear friend, senator dan inouye. senator inouye dedicated his life to public service and to his heart in and faithful work he has left his nation in a state that he loves so dearly far better in so many ways. we will all hear a lot about him in the days ahead about the barriers that he broke down in the course of his life and we will hear about his service in times of war and peace, about his heroism, about his love for his family and state and country and we will hear about the admiration and respect he has earned from so many of us here in the senate on both sides of the aisle over the course and the long and storied career. mr. president what i want to focus on for a minute today is danny inouye who has been there for me as a friend and mentor for the past 20 years. he has been a shining light in this chamber and has set an example for all of us who measure and not simply w
>> the senator from washington. >> mr. president i come to the floor today to pay tribute to an american hero, a great senator, an amazing man and a dear friend, senator dan inouye. senator inouye dedicated his life to public service and to his heart in and faithful work he has left his nation in a state that he loves so dearly far better in so many ways. we will all hear a lot about him in the days ahead about the barriers that he broke down in the course of his life and we will...
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so many people -- you want to be bullish, but these guys in washington, and gals in washington, give you so little reason to actually be bullish. you're right. the corporate sector you know, loaded with cash, fundamentals turning positive. >> but this is the big difference from last year, last summer where the economy was so fragile. we were in such a fragile state last suggest so it was easy to tip us over. now we're a little better here in the states but a lot better in china, and a little bit better in europe. >> we've got to get to jim. >> because of the contrarian view, jim, is once we get a deal, we sell right into the deal. >> yeah, that's right. i'm going tonight skunk at the garden party here, and i'm geg going to tell you i never thought we'd get a deal. throwing rocks at each other. more likely we won't get a deal. the economy is as bad as last summer, looking at 1.5% growth for the fourth quarter, maybe the same kind of number for the first quarter. we're going over the cliff in january. that means we're essentially in january because of the fiscal drag will be greater th
so many people -- you want to be bullish, but these guys in washington, and gals in washington, give you so little reason to actually be bullish. you're right. the corporate sector you know, loaded with cash, fundamentals turning positive. >> but this is the big difference from last year, last summer where the economy was so fragile. we were in such a fragile state last suggest so it was easy to tip us over. now we're a little better here in the states but a lot better in china, and a...
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washington, d.c.? --or its it caught up here in washington, d.c.? we want to make sure we're doing a thorough review of the law. every state has some law -- if you're over 14 in pennsylvania, you can sign yourself out. there are a lot of things we don't let kids decide when they are 14. "i need them to be in an institution or hospital, psychiatric hospital or something." the 14 year-old ensign themselves out -- can sign themselves out. a lot of these kids have a situation where their parent is scared to death of them. parents maalox themselves in a car -parents- may have locked themselves in a car. they try to get them in a hospital setting. another aspect is when it comes to dealing with danger, you have children who are in households and parents are feeling in mobilized. conn just turned down a law which would have made it easier to have institutional care for these kids. host: the congressman wants a list of the mental-health programs. are we seeing cuts potentially for mental health programs and what can be done in the next 11 or 12 days? guest:
washington, d.c.? --or its it caught up here in washington, d.c.? we want to make sure we're doing a thorough review of the law. every state has some law -- if you're over 14 in pennsylvania, you can sign yourself out. there are a lot of things we don't let kids decide when they are 14. "i need them to be in an institution or hospital, psychiatric hospital or something." the 14 year-old ensign themselves out -- can sign themselves out. a lot of these kids have a situation where their...
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. >> rose: i want to talk about what is going on in washington now between the president and the speaker, but if we -- if they fail completely and we go over this fiscal cliff what are the repercussions? you know, i mean, there is really a fair chance that they don't come to an agreement for whatever reason the house republicans won't support it and we go into 2013. i don't think that, per say, would be the end of the world because i think there would be a cry and it would get rein reined in after a few weeks and settle on this .. i would view this as a skirmish in a bigger war where you are growing entitlements, government services are getting more expensive. people are going to pay more and get less, and i think it is a very, very difficult tension of how to deal with that and this is just a first stage of that or one of many stages. so i don't think they are going to settle everything. i do hope they come to an agreement. i certainly hope we don't see another debt ceiling fiasco having the u.s. default on its debt, even technically would be pretty ugly. >> rose: what would be a reason
. >> rose: i want to talk about what is going on in washington now between the president and the speaker, but if we -- if they fail completely and we go over this fiscal cliff what are the repercussions? you know, i mean, there is really a fair chance that they don't come to an agreement for whatever reason the house republicans won't support it and we go into 2013. i don't think that, per say, would be the end of the world because i think there would be a cry and it would get rein reined...
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i'm serious. >> beautiful. >> also in washington, washington anchor for "bbc world news america" katty kay. >> no pieces, sorry. >> you'll write one next time. thank you. so we've got a lot to get to this morning. >> a lot to talk about today. >> those exceptions, what are you talking about? >> just in the conversation about everything you thought there were two exceptions. >> rick perry, governor of texas, and -- >> is it bob -- >> they said we need to -- we need to arm teachers. >> we have to think about it. >> somebody in the school with a gun. >> guns in school. that's great. you know what? this gelts me thinking, right? >> really? >> so that's what we're going to take care of last friday. so the shooting in the mall in oregon. >> yeah. >> i'm thinking maybe if we arm like the people that do the smoothies and whatever. >> or the sun glaglass hut thea or movie theater, the kid that give you popcorn. >> spencer's gifts. okay that doesn't make a lot of sense. >> that's an answer. come on. by the way, bock b mcdonald, a i like and respect, bob mcdonald -- i like him and agree with him
i'm serious. >> beautiful. >> also in washington, washington anchor for "bbc world news america" katty kay. >> no pieces, sorry. >> you'll write one next time. thank you. so we've got a lot to get to this morning. >> a lot to talk about today. >> those exceptions, what are you talking about? >> just in the conversation about everything you thought there were two exceptions. >> rick perry, governor of texas, and -- >> is it bob --...
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Dec 19, 2012
12/12
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there are a couple different route second happen in washington. we are nearing a end game. we are sold on avoiding the fiscal cliff, there's still a chance, a very real one that we could go over it but we're getting to the point where the final end game is becoming apparent and right now everything is focused on the plan that the house will be voting on tomorrow which we should you on screen. john boehner says that could pass the house, the senate says as constructed, senate democrats, it will not pass the senate and white house is threatening to veto it if it ever got to the white house which it probably won't. may be some changes to that. it will be of to the senate after tomorrow's folks if the house contests that. ashley: how damaging would be tomorrow if the house does not getting of votes to pass this? there are republicans out there who are adamant, no tax hikes that all regardless how much money you're making. if that happens john boehner is in a difficult position, isn't he? rich: if that plan, the smaller plan which allows tax rates to stay the same for those earn
there are a couple different route second happen in washington. we are nearing a end game. we are sold on avoiding the fiscal cliff, there's still a chance, a very real one that we could go over it but we're getting to the point where the final end game is becoming apparent and right now everything is focused on the plan that the house will be voting on tomorrow which we should you on screen. john boehner says that could pass the house, the senate says as constructed, senate democrats, it will...
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Dec 19, 2012
12/12
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i've long had a deep and abiding respect for the washington press corps. we play an essential role in making our democracy strong by holding leaders and institutions accountable to the people they serve. as secretary defense or in my past jobs i learned that it was important to be accessible to the press and transfer and with them with regards to the issues and challenges that confront. in this job i've tried to be as accessible as i can to the press corps to engage regularly with reporters and to encourage every senior officials on the department to do the same. it is an especially important time to communicate our vision and our priorities as a department, because as i have said time and time again over the past year i believe that we are at a strategic turning point. after more than a decade of the war the standard program of conflict in the history of the united states in. at the beginning of 2012 president obama and the military civilian leaders of the department came together to publicly release the new defense strategy it was designed to help the mi
i've long had a deep and abiding respect for the washington press corps. we play an essential role in making our democracy strong by holding leaders and institutions accountable to the people they serve. as secretary defense or in my past jobs i learned that it was important to be accessible to the press and transfer and with them with regards to the issues and challenges that confront. in this job i've tried to be as accessible as i can to the press corps to engage regularly with reporters and...
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Dec 19, 2012
12/12
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got his bachelors in hawaii, he law degree in washington. he was a determined representative of this nation's fighting men and women. longtime leader of the defense committee. as mentioned briefly last night there has been in any many years in congress, i have been here as long as my friend believed that -- my assistant leader here seated next to me today. we have been here 30 years. and there has been no one i've ever known in my three years who did more and fought more for the fighting men and women in this country. he believed the nation's commitment to members of the services. mr. president, for fear it would be lost and it shouldn't be lost, i want to put on the record what this good man did at a prayer breakfast a couple months ago. i can't remember who the presiding officer was but i know that my friend was there. senator inouye had never, ever in his 50 years in congress, spoken at prayer breakfast. but he decided to come. he had great vigor until just recently. he campaigned on the flat cycle. he traveled to alaska to help a few mon
got his bachelors in hawaii, he law degree in washington. he was a determined representative of this nation's fighting men and women. longtime leader of the defense committee. as mentioned briefly last night there has been in any many years in congress, i have been here as long as my friend believed that -- my assistant leader here seated next to me today. we have been here 30 years. and there has been no one i've ever known in my three years who did more and fought more for the fighting men...
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Dec 19, 2012
12/12
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CNBC
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but a lot is coming down to the rhetoric coming out of washington in the next couple of weeks. >> mike, good to see you. >> thank you. >> sometimes it's tough to buy the losers and sell the winners. let's play hold 'em or fold 'em. stocks that are hitting new highs. valero up 72% from a year ago. beeks? >> hold th'em. i messed that up the last couple of nights. i wanted to say it right out of the gate. i like a lot of the refiners. their margins are doing well. i wouldn't be surprised to see this pull back just a touch. it's had quite a run here. i'd be a buyer. >> next up, goldman sachs. 52-week high today. shares up are 45%. guy? >> though it closed lower, yes, a 52-week high. goldman sachs, one of those financials that seems to have momentum. the trade has been with these guys around earnings. you either short them into earnings and then look for the bounce, which has worked. but in this case, i this you stay with the long position into their january release and then you sell it and my sense is, by the time they release -- i didn't say it yet. you fired too early. you jumped me. >>
but a lot is coming down to the rhetoric coming out of washington in the next couple of weeks. >> mike, good to see you. >> thank you. >> sometimes it's tough to buy the losers and sell the winners. let's play hold 'em or fold 'em. stocks that are hitting new highs. valero up 72% from a year ago. beeks? >> hold th'em. i messed that up the last couple of nights. i wanted to say it right out of the gate. i like a lot of the refiners. their margins are doing well. i...
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Dec 19, 2012
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a lot of people watching what's happening in washington. negotiations continue and we are all trying to figure out what's happening at this point. house republicans have announced plan b, that's in case the talks fail. that plan b would move to pass their own tax bills and automatic budget cuts set to happen next month. actually, it would not avert the automatic budget cuts. that would still be in there. from everything we heard, the automatic sequestration budget cuts would continue. it would only avert the tax portion of that and extend low tax rates except on those with incomes a million dollars and above. president obama's latest position puts the threshold at $400,000. no one is expecting the gop bill will pass the democratic senate. harry reid saying it won't. each side continuing to say the other's fiscal cliff positions are not balanced. we have watched the markets and they have thrown through this rhetoric. the dow futures are up after yesterday gaining the day before that, too. overseas in asia, you saw gains in tokyo, that market
a lot of people watching what's happening in washington. negotiations continue and we are all trying to figure out what's happening at this point. house republicans have announced plan b, that's in case the talks fail. that plan b would move to pass their own tax bills and automatic budget cuts set to happen next month. actually, it would not avert the automatic budget cuts. that would still be in there. from everything we heard, the automatic sequestration budget cuts would continue. it would...
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Dec 19, 2012
12/12
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the clerk: the speaker's room, washington, d.c., december 19, 2012. i hereby appoint the honorable daniel webster to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: the chair will receive a message. the messenger: mr. speaker, a message from the senate. the secretary: mr. speaker. the speaker pro tempore: madam secretary. the secretary: i have been directed by the senate to inform the house that the senate has agreed to s. res. 624, relative to the death of the honorable daniel k. inouye, senator from the state of ohio. -- hawaii. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. the chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and the minority whip each, to five minutes but in no event shall debate continue beyond 11:
the clerk: the speaker's room, washington, d.c., december 19, 2012. i hereby appoint the honorable daniel webster to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: the chair will receive a message. the messenger: mr. speaker, a message from the senate. the secretary: mr. speaker. the speaker pro tempore: madam secretary. the secretary: i have been directed by the senate to inform the house that the senate has...
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Dec 19, 2012
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john harwood in washington. chief market strategist with russell investments joining us here at post 9, and the chief national investment strategist with wells fargo advisers. good morning to both of you. >> good morning. >> how does this weigh on your thesis for the near term? >> the question is in the details. our base case for the russell forecast is we do not have a recession in 2013. the majority of these larger issues are dealt with. but there's going to be a fiscal drag either way. the way we see this at housing contributing in a positive to the economy, offset a lot of the fiscal destabilizers. but i think there's a lot of overlap right now. they're squabbling over details. i think we need to keep in perspective, this is the first time in america we've m a serious substantive conversation about balancing the budget. it's not a bad first start. >> next year you're looking for 1,500 by year end? >> that's our target sale. single digits for the equity market seems reasonable. no great shakes. >> paul, you'r
john harwood in washington. chief market strategist with russell investments joining us here at post 9, and the chief national investment strategist with wells fargo advisers. good morning to both of you. >> good morning. >> how does this weigh on your thesis for the near term? >> the question is in the details. our base case for the russell forecast is we do not have a recession in 2013. the majority of these larger issues are dealt with. but there's going to be a fiscal drag...